Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Large Growth in Short Interest

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 500,357 shares, a growth of 112.0% from the May 14th total of 236,002 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 368,481 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GSIE. Cetera Investment Advisers increased its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 231.5% in the 1st quarter. Cetera Investment Advisers now owns 2,024,575 shares of the company’s stock valued at $87,320,000 after acquiring an additional 1,413,784 shares during the last quarter. Annex Advisory Services LLC boosted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 694.2% in the 4th quarter. Annex Advisory Services LLC now owns 1,365,028 shares of the company’s stock valued at $58,614,000 after purchasing an additional 1,193,163 shares during the period. Bank of America Corp DE boosted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.3% in the 2nd quarter. Bank of America Corp DE now owns 4,516,794 shares of the company’s stock valued at $179,136,000 after purchasing an additional 1,050,477 shares during the period. Wells Fargo & Company MN boosted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 3.5% in the 4th quarter. Wells Fargo & Company MN now owns 22,119,644 shares of the company’s stock valued at $949,818,000 after purchasing an additional 747,167 shares during the period. Finally, AlphaCore Capital LLC acquired a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the 4th quarter valued at about $24,833,000.

Goldman Sachs ActiveBeta International Equity ETF Stock Up 0.8%

NYSEARCA GSIE traded up $0.38 during trading hours on Monday, hitting $46.46. 78,288 shares of the company were exchanged, compared to its average volume of 530,042. The company has a 50 day moving average of $45.33 and a two-hundred day moving average of $44.36. Goldman Sachs ActiveBeta International Equity ETF has a 52-week low of $38.53 and a 52-week high of $46.86. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 15.44 and a beta of 0.77.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.